HSBC Reports $1.2 Billion Drop in Q3 2025 Pre-Tax Profit Despite Strong Underlying Performance
HSBC reported pre-tax profits of $7.3 billion for the third quarter of 2025, down by $1.2 billion compared to the same period in 2024, according to CNN.
Despite the decline, the bank highlighted a solid underlying operational performance, with adjusted profits rising 3% year-on-year to $9.1 billion.
HSBC’s total revenue climbed 5% to $17.8 billion, supported by stronger wealth management activity in Hong Kong and growth in its Global Wealth and Personal Banking division.
The bank also benefited from higher interest income, as net interest income rose 15% to $8.8 billion, driven by deposit growth and lower funding costs.
Meanwhile, net interest margin expanded to 1.57%, up from 1.46% in the third quarter of 2024, reflecting improved profitability in the bank’s lending operations.
HSBC said it remains focused on delivering sustainable returns amid ongoing market volatility and interest rate uncertainty.